The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE: BANC) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
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What Happened?
On July 29, 2026, Banc of California reported its second quarter 2026 financial results, reporting a net loss of $251.3 million, or $1.61 per share, falling short of analysts’ expectations of a gain of $0.40 per share. The Company stated that its loss stemmed from a balance-sheet restructuring, in connection with which it sold $2.3 billion of lower-yielding securities and redeployed more than half of that into higher-yielding, shorter-duration securities, while also initiating the sale of $827 million of certain commercial real estate and multifamily construction loans. On this news, Banc of California’s stock price fell $2.59 per share, or 12.23%, to close at $18.59 per share on July 29, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Banc of California securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
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Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260813691215/en/
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